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First National Bank of Mount Dora Trust Investment Services Has $6 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Electronic Arts logo with Consumer Discretionary background

First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,250 shares of the game software company's stock after purchasing an additional 10,589 shares during the period. Electronic Arts accounts for about 1.5% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 23rd largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Electronic Arts were worth $6,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock worth $2,753,000 after purchasing an additional 4,411 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $1,259,000. Value Partners Investments Inc. raised its position in Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock valued at $53,761,000 after purchasing an additional 107,709 shares during the period. Teacher Retirement System of Texas raised its position in Electronic Arts by 6.1% in the fourth quarter. Teacher Retirement System of Texas now owns 181,757 shares of the game software company's stock valued at $24,866,000 after purchasing an additional 10,405 shares during the period. Finally, Scotia Capital Inc. raised its position in Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company's stock valued at $2,372,000 after purchasing an additional 8,644 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.


Insider Transactions at Electronic Arts

In other news, CAO Eric Charles Kelly sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,458 shares of the company's stock, valued at approximately $997,507.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Andrew Wilson sold 4,639 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now owns 66,747 shares in the company, valued at $8,954,110.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the sale, the chief accounting officer now owns 7,458 shares in the company, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 23,539 shares of company stock valued at $3,089,969 in the last ninety days. Corporate insiders own 0.20% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded up $1.21 during mid-day trading on Friday, hitting $139.06. 2,993,858 shares of the company's stock were exchanged, compared to its average volume of 2,147,220. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The firm has a market capitalization of $36.95 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.20 and a beta of 0.80. The business's 50 day moving average is $131.12 and its two-hundred day moving average is $134.83. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. On average, equities analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts's dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EA. Roth Mkm cut their price objective on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Electronic Arts from $153.00 to $150.00 and set a "hold" rating on the stock in a research report on Thursday, May 9th. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 27th. Robert W. Baird cut their price objective on Electronic Arts from $160.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 8th. Finally, BMO Capital Markets cut their price objective on Electronic Arts from $160.00 to $154.00 and set an "outperform" rating on the stock in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.00.

View Our Latest Stock Analysis on EA

Electronic Arts Profile

(Free Report)

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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